Internal Growth Rate Leash N Collar reported a profit margin of 9.1%, total asset turnover ratio of 2.6 times, debt-to-equity ratio of 0.86 times, net income of $510,000, and dividends paid to common stockholders of $310,000. The firm has no preferred stock outstanding. What is Leash N Collar's internal growth rate? (Do not round intermediate steps.)

7.511%

9.989%

3.2265%

10.2274%